Book Value Market Value
City Investment Portfolio 529,924,263$ 517,930,715$ Other Liquid Accounts
Cash with Wells Fargo Bank 6,214,026 6,214,026 Cash with US Bank 23,524,388 23,524,388 Fidelity Money Market Funds 10,111,633 10,111,633 Local Agency Investment Fund (LAIF) 31,717,378 31,717,378 Total - Other Liquid Accounts 71,567,424 71,567,424 CONSOLIDATED PORTFOLIO TOTAL (Attachment B) 601,491,687 589,498,139 Other Debt Service Funds*
Debt Service Proceeds
US Bank Trust Services **
2009 Water Revenue Bonds (Build America Bonds)
Debt Service and Reserve Funds 2,307,768 2,307,768 2011 Utility Revenue Refunding Bonds
Debt Service and Reserve Funds 599,264 599,264 2018 Capital Improvement (Golf Course & 2002B COP Refinance) (Taxable- Green Bond) Certificates of Participation
Debt Service Funds 271 271 2019 California Avenue Parking Garage Certificates of Participation (Tax-Exempt and Taxable Bonds)
Debt Service and Reserve Funds 1,773 1,773 2021 Public Safety Building Certificates of Participation Debt Service Funds 2,182 2,182 2022A & B General Obligation (Library) Bond
Cost of Issuance Funds 4,344 4,344 California Asset Management Program (CAMP) ***
2012 University Ave. Parking Refunding Bonds
Reserve Fund 3,126,189 3,126,189
Public Agencies Post-Employment Benefits Trust ****
Public Agency Retirement Services (PARS) 115,414,494 115,414,494 Total Other Funds 121,456,285 121,456,285 GRAND TOTAL 722,947,972$ 710,954,424$
* These funds are subject to the requirements of the underlying debt indenture. ** U.S. Bank investments are in money market mutual funds that exclusively invest in U.S. Treasury securities. *** CAMP investments are in money market mutual fund which invest in bankers acceptance, certificate of deposit, commercial paper, federal agency securities, and repurchase agreements.
This value reflects prior quarter values and will be updated in the next quarterly report issuance. **** PARS investments are in moderately conservative index plus funds Attachment A
First Quarter, Fiscal Year 2025-26
(Unaudited)
Consolidated Report of Cash Management
City of Palo Alto Cash and Investments